Independent firm says HCA most fit to run Jefferson Parish hospitals

An independent firm hired to weigh in on who should run Jefferson Parish's two publicly-owned hospitals says HCA is the most financially fit to run the East Jefferson General Hospital and West Jefferson Medical Center.

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Updated: 7:32 PM CDT Apr 2, 2014

Independent firm says HCA most fit to run Jefferson Parish hospitals

An independent firm hired to weigh in on who should run Jefferson Parish's two publicly-owned hospitals says HCA is the most financially fit to run the East Jefferson General Hospital and West Jefferson Medical Center.

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Updated: 7:32 PM CDT Apr 2, 2014

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WEBVTT IN A MOVE THAT COULD HAVE TAKENPLACE MONTHS AGO, THEJEFFERSON PARISH COUNCIL,TONIGHT, HAS FINALLY DECIDEDTO LET EACH PUBLIC HOSPITALBOARD CHOOSE WHO WILL RUNEACH FACILITY OVER THE NEXT30-YEARS. BUT ONE BOARDCHAIRMAN IS UPSET, THE FUMBLEDNEGOTIATIONSWILL END UP COSTING THE PARISHMILLIONS. W-D-S-U ANCHORRACHEL WULFF HAS THE STORY ONTHIS LONG DEBATEDCONTROVERSY.THE QUESTION OF WILL WILL RUNWEST JEFFERSON MEDICAL CENTERAND EAST JEFFERSON GENERALHOSPITAL WILLNOW BE DECIDED BY THEIR TWOBOARDS...AFTER A VOTE WEDNESDAYBY COUNCIL.1:00:38 if they want tosplit...they can. We gave themthe option to pickwhatever suitor they want. 40 ATTHAT MEETING HOSPITALCONSULTANT, JOSHUA NEMZOFFRELEASED HIS FINANCIALANALYSIS OF THREE POSSIBLE LEASESUITORS: OCHSNER,LOUISIANA CHILDREN'S MEDICALCENTER AND H-C-A.POURING OVER SPREAD SHEETS THATREVEALED CASH ON HAND,DEBT AND OTHER LIABILITIES. INTHE END..NEMZOFFGRADED H-C-A THE HIGHEST--EVENTHOUGH HCA DROPPED OUT OFTHE BIDDING PROCESS MONTHS AGO.53:27 if hca's bid was on thetable.. I would have stoppedworking on thistransaction in less than 7 days.And I would have written you alla letter andsaid hca is clearly the bestbid. And it was a waste of yourmoney to proceedand look at any of the otherbidders. 391:07:21 you heard me say-we arein a great position. We are thefirst rounddraft choice. We blew it. 26EAST JEFF BOARD CHAIRMANNEWELL NORMAND WAS FRUSTRATED.EAST JEFF HAD PREVIOUSLY WANTEDH-C-A.. BUT AT THAT POINT THECOUNCIL WASSPLIT ON WHETHER TO SPLIT THEVOTE..hca by far.. Their bid issuperior 15 we're talking abouta diferential of 400million dllars. Their offer istwice as high as the nexthighest bidder 26HE SAYS HCA WILL NOT COME BACKINTO THE BIDDING PROCESS.7:24 they have been looking atother deals. I think other dealscame to themin the aftermath of withdrawingfrom our deal. That's how thisbusinessworks43 OCHSNER IS ONLY BIDDINGON EAST JEFF. CHILDRENS ONBOTH. WHILE IMPRESSED WITHCHILDREN'S FINANCES..NEMZOFF SAID IT COULD NOT AFFORDTO LEASE BOTH FACILITIES.SOMETHING A REP DISAGREED WITH.1:03:12 we have a very strongbalance sheet and we remaincommittedto jefferson parish. 15 NEMZOFFALSO EXPRESSED CONCERNEDABOUT ANTI-TRUST LAWS WITH BOTHSUITORS. NOT A PROBLEMSAYS OCHSNER.1:14:31 We feel confident wewould get through pretty easily361:15:36 the two boards will maketheir recommendation atnext week's council meeting. Thecouncil is then expected to putitto a vote. Oys in harahan. Rwwdsu news.SOURCES SAY THE EAST JEFF BOARDHAD AN EMERGENCYMEETING WITH REPS FROM OCHSNERLAST NIGHT... AND THECHAIRMAN OF THE WEST JEFF BOARDRELEASED THIS STATEMENTSAYING: " WE BELIEVE LOUISIANACHILDREN'SMEDICAL CENTER'S PROPOSAL ISBOTH FINANCIALLY ANDCLINICALLY SOUND AND WE STAND BYOUR CHOICE."

Independent firm says HCA most fit to run Jefferson Parish hospitals

An independent firm hired to weigh in on who should run Jefferson Parish's two publicly-owned hospitals says HCA is the most financially fit to run the East Jefferson General Hospital and West Jefferson Medical Center.